ALLIANCE DATA SYSTEMS CORP ADS Income Statement

Alliance data systems corp (ADS)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenues
Services
215	295	367	2,504	2,540	-	-	-	-	-	-	-
Redemption, net
637	676	935	993	1,028	1,053	587	635	572	543	495	504
Transaction
-	-	-	-	-	337	329	300	290	285	375	342
Securitization income
-	-	-	-	-	-	-	-	-	-	430	481
Finance charges, net
4,728	4,694	4,171	3,639	2,871	2,303	1,956	1,643	1,402	1,284	71	98
Marketing services
-	-	-	-	-	1,438	1,289	931	806	602	504	525
Other revenue
-	-	-	-	-	169	156	130	101	75	86	72
Total revenue
5,581	5,666	5,474	7,138	6,439	5,302	4,319	3,641	3,173	2,791	1,964	2,025
Operating expenses
Cost of operations (exclusive of depreciation and amortization disclosed separately below)
2,687	2,537	2,469	4,276	3,814	3,218	2,549	2,106	1,811	1,545	1,354	1,341
Provision for loan loss
1,187	1,016	1,140	940	668	425	345	285	300	387	-	0
General and administrative
150	162	159	143	138	141	109	108	95	85	99	82
Regulatory settlement
-	-	-	-	64	-	-	-	-	-	-	-
Earn-out obligation
-	-	-	-	-	-105	-	-	-	-	-	-
Depreciation and other amortization
79	80	73	167	142	109	84	73	70	67	62	68
Amortization of purchased intangibles
96	112	114	345	350	203	131	93	82	75	63	67
Loss on extinguishment of debt
-71	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition of a business
-	-	-	-	-	-	-	-	-	-	21	0
Loss on the sale of assets
-	-	-	-	-	-	-	-	-	-	-	-1
Merger (reimbursements) costs
-	-	-	-	-	-	-	-	-	-	-1	3
Total operating expenses
4,273	3,909	3,956	5,872	5,177	4,204	3,220	2,667	2,360	2,162	1,556	1,564
Operating income
1,307	1,757	1,517	1,265	1,261	1,098	1,098	974	812	629	407	460
Interest expense
Securitization funding costs
213	220	156	125	97	91	95	92	126	155	-	0
Interest expense on deposits
225	165	125	84	53	37	29	25	23	29	28	16
Interest expense on long-term and other debt, net
130	156	173	218	179	131	181	173	148	133	116	64
Total interest expense, net
569	542	455	428	-330	-260	305	291	298	318	144	80
Income from continuing operations before income taxes
738	1,215	1,062	837	931	837	793	682	514	310	262	380
(Benefit) provision for income taxes
165	269	293	319	326	321	297	260	198	115	86	147
Net income
-	-	-	517	605	516	496	422	-	-	-	-
Less: Net income attributable to non-controlling interest
-	-	-	1	8	9	-	-	-	-	-	-
Income from continuing operations
572	945	769	-	-	-	-	-	-	195	176	232
Loss from discontinued operations, net of taxes
-294	17	19	-	-	-	-	-	-	-1	-32	-26
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-0.03	-0.59	-0.37
Net income
278	963	788	515	596	506	496	422	315	193	143	206
Basic income (loss) per share (Note 3):
Income from continuing operations (in dollars per share)
11.25	17.24	13.82	-	-	-	-	-	-	3.72	3.17	3.25
Loss from discontinued operations (in dollars per share)
-5.89	0.32	0.35	-	-	-	-	-	-	-	-	-
Net income per share (in dollars per share)
5.36	17.56	14.17	7.37	8.91	8.72	10.09	8.44	6.22	3.69	2.58	2.88
Diluted income (loss) per share (Note 3):
Income from continuing operations (in dollars per share)
11.24	17.17	13.75	-	-	-	-	-	-	3.51	3.06	3.16
Loss from discontinued operations (in dollars per share)
-5.78	0.32	0.35	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-0.03	-0.57	-0.36
Net income per share (in dollars per share)
5.46	17.49	14.10	7.34	8.85	7.87	7.42	6.58	5.45	3.48	2.49	2.80
Weighted average shares (Note 3):
Basic (in shares)
50	54	55	58	61	56	49	50	50	52	55	71
Diluted (in shares)
50	55	55	58	62	62	66	64	57	55	57	73
Dividends declared per share:
-	-	-	0.52	-	-	-	-	-	-	-	-